FMR LLC & Abigail Johnson Disclose 9.812% Stake in Okta (OKTA)

Ticker: OKTA · Form: SC 13G/A · Filed: 2024-02-09T00:00:00.000Z

Sentiment: neutral

Topics: institutional-ownership, amendment, form-13g, okta

TL;DR

**FMR LLC and Abigail Johnson still own nearly 10% of Okta, signaling continued institutional interest.**

AI Summary

FMR LLC, a major investment firm, and its CEO, Abigail P. Johnson, have updated their ownership stake in Okta, Inc. (OKTA) Class A Common Stock. As of February 9, 2024, they collectively beneficially own 15,515,353 shares, representing 9.812% of the company. This filing, an amendment to a previous SC 13G, indicates a significant, but not controlling, institutional investment in Okta, which could signal confidence in the company's future performance to current and prospective shareholders.

Why It Matters

This filing shows that a major institutional investor, FMR LLC, and its leader, Abigail P. Johnson, maintain a substantial stake in Okta, which can be seen as a vote of confidence in the company's long-term prospects.

Risk Assessment

Risk Level: low — This filing is a routine update of a significant institutional holding and does not indicate any immediate negative risks for investors.

Analyst Insight

Investors should note that a major institutional investor like FMR LLC continues to hold a substantial position in Okta, which could be a positive signal, but this filing alone doesn't suggest an immediate buy or sell action. It's a routine disclosure of an existing, significant stake.

Key Numbers

15,515,353 — Shares Beneficially Owned (Represents the total number of Okta Class A Common Stock shares held by FMR LLC and Abigail P. Johnson as of the filing date.)
9.812% — Percent of Class (Indicates the significant portion of Okta's Class A Common Stock controlled by FMR LLC and Abigail P. Johnson.)

Key Players & Entities

FMR LLC (company) — reporting person and parent holding company
Abigail P. Johnson (person) — reporting person, associated with FMR LLC
Okta, Inc. (company) — the issuer of the securities
15,515,353 (dollar_amount) — total shares beneficially owned by FMR LLC and Abigail P. Johnson
9.812% (dollar_amount) — percentage of Okta's Class A Common Stock owned

Forward-Looking Statements

FMR LLC will maintain a significant stake in Okta, Inc. for the foreseeable future. (FMR LLC) — high confidence, target: 2025-02-09

FAQ

Who are the reporting persons in this SC 13G/A filing for Okta, Inc.?

The reporting persons are FMR LLC and Abigail P. Johnson, as stated in Item 1 of their respective sections on the cover page.

What is the total number of Okta, Inc. Class A Common Stock shares beneficially owned by FMR LLC and Abigail P. Johnson?

FMR LLC and Abigail P. Johnson each report beneficial ownership of 15,515,353 shares of Okta, Inc. Class A Common Stock, as per Item 7 on their respective cover pages and Item 4(a) for FMR LLC.

What percentage of Okta, Inc.'s Class A Common Stock do FMR LLC and Abigail P. Johnson collectively own?

Both FMR LLC and Abigail P. Johnson report owning 9.812% of Okta, Inc.'s Class A Common Stock, as detailed in Item 11 on their respective cover pages and Item 4(b) for FMR LLC.

Under which rule is this Schedule 13G filed?

This Schedule 13G is filed pursuant to Rule 13d-1(b), as indicated by the checked box on the first page of the filing.

What is the CUSIP number for Okta, Inc. Class A Common Stock?

The CUSIP number for Okta, Inc. Class A Common Stock is 679295105, as listed on the cover page and in Item 2(e).

From the Filing

0000315066-24-001286.txt : 20240209 0000315066-24-001286.hdr.sgml : 20240209 20240209092831 ACCESSION NUMBER: 0000315066-24-001286 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240209 DATE AS OF CHANGE: 20240209 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Okta, Inc. CENTRAL INDEX KEY: 0001660134 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] ORGANIZATION NAME: 06 Technology IRS NUMBER: 264175727 STATE OF INCORPORATION: DE FISCAL YEAR END: 0131 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-89976 FILM NUMBER: 24611897 BUSINESS ADDRESS: STREET 1: 100 FIRST STREET STREET 2: SUITE 600 CITY: SAN FRANCISCO STATE: CA ZIP: 94105 BUSINESS PHONE: 888-722-7871 MAIL ADDRESS: STREET 1: 100 FIRST STREET STREET 2: SUITE 600 CITY: SAN FRANCISCO STATE: CA ZIP: 94105 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: FMR LLC CENTRAL INDEX KEY: 0000315066 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] ORGANIZATION NAME: IRS NUMBER: 043532603 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 245 SUMMER STREET CITY: BOSTON STATE: MA ZIP: 02210 BUSINESS PHONE: 6175706339 MAIL ADDRESS: STREET 1: 245 SUMMER STREET CITY: BOSTON STATE: MA ZIP: 02210 FORMER COMPANY: FORMER CONFORMED NAME: FMR CORP DATE OF NAME CHANGE: 19920717 SC 13G/A 1 filing.txt SCHEDULE 13G Amendment No.1 OKTA INC CLASS A COMMON STOCK Cusip #679295105 Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [x] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) Cusip #679295105 Item 1: Reporting Person - FMR LLC Item 2: (a) [ ] (b) [ ] Item 4: Delaware Item 5: 14,765,329 Item 6: 0 Item 7: 15,515,353 Item 8: 0 Item 9: 15,515,353 Item 11: 9.812% Item 12: HC Cusip #679295105 Item 1: Reporting Person - Abigail P. Johnson Item 2: (a) [ ] (b) [ ] Item 4: United States of America Item 5: 0 Item 6: 0 Item 7: 15,515,353 Item 8: 0 Item 9: 15,515,353 Item 11: 9.812% Item 12: IN Item 1(a). Name of Issuer: OKTA INC Item 1(b). Address of Issuer's Principal Executive Offices: 100 FIRST STREET, SUITE 600 SAN FRANCISCO, CA 94105 US Item 2(a). Name of Person Filing: FMR LLC Item 2(b). Address or Principal Business Office or, if None, Residence: 245 Summer Street, Boston, Massachusetts 02210 Item 2(c). Citizenship: Not applicable Item 2(d). Title of Class of Securities: CLASS A COMMON STOCK Item 2(e). CUSIP Number: 679295105 Item 3. This statement is filed pursuant to Rule 13d-1(b) or 13d-2(b) or (c) and the person filing, FMR LLC, is a parent holding company in accordance with Section 240.13d-1(b)(1)(ii)(G). (Note: See Exhibit A). Item 4. Ownership (a) Amount Beneficially Owned: 15,515,353 (b) Percent of Class: 9.812% (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote: Please see the responses to Items 5 and 6 on the cover page (ii) shared power to vote or to direct the vote: 0 (iii) sole power to dispose or to direct the disposition of: 15,515,353 (iv) shared power to dispose or to direct the disposition of: 0 Item 5. Ownership of Five Percent or Less of a Class. Not applicable. Item 6. Ownership of More than Five Percent on Behalf of Another Person. One or more other persons are known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the CLASS A COMMON STOCK of OKTA INC. No one other person's interest in the CLASS A COMMON STOCK of OKTA INC is more than five percent of the total outstanding CLASS A COMMON STOCK. Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company. See attached Exhibit A. Item 8. Identification and Classification of Members of the Group. Not applicable. Item 9. Notice of Dissolution of Group. Not applicable. Item 10. Certifications. By signing below I certify that, to the best of my knowled